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Nov 28, 2012
11/12
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has been a lot of work on the fiscal cliff. we have talked about medicare savings that can improve and strengthen the program and address rising national health expenditures. we will have more to say on the issue of taxes. we are ecstatic to have senator durbin here today, who has played a fundamental role over the last several years. he has been part of every negotiation that has taken place. he is still an optimist. that is a sign of progress. he has had a long history of being a champion and advocate for the middle class. he has carried that advocacy in the budget negotiations. he was part of the supercommittee, this fiscal, the gang of eight, the gang of six -- almost every gang that has been involved in these issues. he has been a fighter for what is right and for having a plan that stands true to the values of the american people and the people who voted and waited in line for hours on end to vote -- people who want a fair shake out of washington. as a champion of that fair shake, i am excited to have senator durbin. >> n
has been a lot of work on the fiscal cliff. we have talked about medicare savings that can improve and strengthen the program and address rising national health expenditures. we will have more to say on the issue of taxes. we are ecstatic to have senator durbin here today, who has played a fundamental role over the last several years. he has been part of every negotiation that has taken place. he is still an optimist. that is a sign of progress. he has had a long history of being a champion and...
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Nov 21, 2012
11/12
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does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever damage is done by going off the fiscal cliff. host: thanks so much for joining us this morning. guest: thank you. host: we want to play a few of ben bernanke's comments from yesterday. [video clip] >> the federal budget is on an unsustainable path. the budget deficit which peaked at about 10% of gdp in 2009 and now is 7% of gdp is expected to narrow further in the coming years as the economy continues to recover. the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of g
does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever...
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Nov 26, 2012
11/12
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FBC
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a dark fiscal cliff. a new government report warning is an increase in texa taxes wod crush the middle-class spending. the dow down 70 points. it seems republicans are changing their tune on taxes. i don't know. lou dobbs with us as more congressional leaders break from the antitax pledge. and two years after the signs in cairo they look the same. mohamed morsi moves for absolute power sparking violent clashes in the streets between his supporters and opponents. but first, it is time to check stocks as would every 15 minutes, let's head to the floor of the new york stock exchange. nicole, the market is down and out on the fiscal cliff. i'm afraid. nicole: there's a lot going on on wall street. selling across the board, down 72-point at the lowest .12900, so about 40 points off of the earlier lows, however we are seeing selling from sector to sector with its banks or drugs or retail. the areas that have been pretty good our technology, semi conductors holding on, utilities giving it a go after selling off
a dark fiscal cliff. a new government report warning is an increase in texa taxes wod crush the middle-class spending. the dow down 70 points. it seems republicans are changing their tune on taxes. i don't know. lou dobbs with us as more congressional leaders break from the antitax pledge. and two years after the signs in cairo they look the same. mohamed morsi moves for absolute power sparking violent clashes in the streets between his supporters and opponents. but first, it is time to check...
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Nov 24, 2012
11/12
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FOXNEWSW
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we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the economy. they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strike and it crippled the economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these union heads go forward. this could hurt the economy. >> tracey, you made the point about the retailers, it could hurt the consumer spending as well the economy needs that right now. and economist looking to the holiday shopping season to get big numbers out. >> cheril, i am a last minute shopper and i disagree that they have everything in for the season. stuff comes in down to the wire in so many small businesses if you don't have what i am looking for when i generally get out there, i am not buying it that hurts the over all economy. and look. at the unions what are you doing? people are dying for jobs and you
we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the economy. they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strike and it crippled the economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these union heads go forward. this could hurt...
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Nov 23, 2012
11/12
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i am really surprised we have fiscal cliff, univ. of michigan consumer sentiment less than expected and we are looking at 4% to 5% increase in sales. >> people shop around holidays and events. we will see a slowdown between black friday and a couple weeks before christmas. people do come out and shop around bargains when they need to. dave: let's get specific and talk about gap where i bylaw of my clothes. a very nice turnaround. a couple years ago people were declaring it dead but it had a nice turnaround. how did that happen? >> new merchants and new merchandize. they lost track of who the customer was and what the customer wanted. [talking over each other] >> you and the average american consumer, average all-american styles. people like color optimism, gap have that again. tracy: also like limited brands, we heard lauren simonetti say the victoria's secret, what interests me in the mall is cygnets jeweler's, people are going to the mall to buy a diamond earrings? >> today isn't so much a jewelery shopping day. it is a little bit
i am really surprised we have fiscal cliff, univ. of michigan consumer sentiment less than expected and we are looking at 4% to 5% increase in sales. >> people shop around holidays and events. we will see a slowdown between black friday and a couple weeks before christmas. people do come out and shop around bargains when they need to. dave: let's get specific and talk about gap where i bylaw of my clothes. a very nice turnaround. a couple years ago people were declaring it dead but it had...
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Nov 28, 2012
11/12
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also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of thrived after about eight months' journey by ship, state ge coach into a mining town. he boarded himself in a log cabin. he established a law practice. he worked his way up. he became a successful lawyer and got involved politically. he ran for congress and served eight terms. he befriended abraham lincoln from illinois and ulysses s. grant. as they were on the rise, washbourne was a close confidant during the civil war. after grant was elected president, he appointed washbourne secretary of state. washbourne became ill. his family feared for his lif
also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of...
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Nov 24, 2012
11/12
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CNNW
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a deal to avert the fiscal cliff is looking more likely. it is. but i've been disappointed by this congress before. millions of americans are counting on you, congress, to save their jobs and their financial futures. do it. we'll all be celebrating like scrooge on christmas morning.
a deal to avert the fiscal cliff is looking more likely. it is. but i've been disappointed by this congress before. millions of americans are counting on you, congress, to save their jobs and their financial futures. do it. we'll all be celebrating like scrooge on christmas morning.
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Nov 27, 2012
11/12
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KNTV
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so there are a lot of things to consider with the fiscal cliff so the fiscal cliff will affect everybody. >>> they're talking more about the gas tax, more money to fly, thank you, sharon. >>> sure. >>> and speaking of the economy and spending, a lot of spending is going on right now, in what most agree is a tough economy. today was the day they called cyber monday because of the volume of on-line shopping. tonight we have a camera inside an amazon.com distribution center in phoenix, where workers are processing a mind-numb amount of processing a mind-numbing amount of orders, they expect to top the amount this year. cnbc's courtney reagan is topping the story for us. she is with us tonight from a legendary retailer, bloomingdales, in mid-town manhattan. >> reporter: good evening, cyber monday used to be a day when people who didn't have a home computer returned to the office to shop on line. well, times changed. the retailers offered deals last week and hope that cyber monday will give the shoppers yet another reason to spend. after a long and for some, chaos-filled thanksgiving day week
so there are a lot of things to consider with the fiscal cliff so the fiscal cliff will affect everybody. >>> they're talking more about the gas tax, more money to fly, thank you, sharon. >>> sure. >>> and speaking of the economy and spending, a lot of spending is going on right now, in what most agree is a tough economy. today was the day they called cyber monday because of the volume of on-line shopping. tonight we have a camera inside an amazon.com distribution...
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Nov 28, 2012
11/12
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fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart this morning and equities remain nervous. >> the rhetoric, to avoid the fiscal cliff, taxes go up, dividend tax rates, personal tax rates, corporate tax rates go up, that that itself will cause economic weakness. what do you say to that? how are we supposed to balance the risks of doing things to avoid the fiscal cliff that may also hurt growth? >> one way or the other, there is a problem. if you kick the fiscal cliff down the road, then, you know, you're talking about the u.s. running deficits close to 4% to 5% over the next decad
fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart...
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Nov 27, 2012
11/12
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more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of late. i'm talking about ross stores. r-o-s-t. the company behind two off-price retail concepts we can't get enough of here on "mad money." ross is an off price play like tjx, another strong, strong player, where people go to get terrific deals on merchandise that's been marked down dramatically. the company's pretty much immunized against a fiscal cliff. well, at least one that induces a recession. consider t hat since 2005, ross stores has had only a single quarter of negative same-store sales growth during the great recession in 2009. j
more worries about this darn fiscal cliff. that could send the economy into recession if washington doesn't make a deal to soften the draconian spending cuts. and the tax increases by the end of the year. i say could, meaning i believe it will. we need to take a cautious approach when it comes to retail because of the cliff. a lot of retailers are running right now. but we want to own something that won't be hurt too badly if we do go over the cliff. a stock that's pulled back dramatically of...
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Nov 21, 2012
11/12
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things like the fiscal cliff. but remember, if you're not worried about the outcome, then it's not worth fighting for. come back, top of the hour. [ female announcer ] e-trade technology can help make you a better investor. our e-trade 360 investing dashboard shows you where your money is, live. e-trade pro is so usable you'll actually use it. and our apps are the ultimate in mobile investing. become a better inves at e-trade. >>> former fund manager matthew martoma was arrested yesterday. profits that add up to about $276 million. that from insider trading, says the government. joining us now, richard harwell, who presided over the trial, judge, you know, of course, many people are focused as they should be, on steven cohen. the man who founded sac. 9 billion of the assets are his. there are calls between mr. mar toe ma and cohen that the government tells us have taken place. we assume it's mr. cohen judging from the hedge fund's leader, founder, owner. what is the government in your opinion going to do here if t
things like the fiscal cliff. but remember, if you're not worried about the outcome, then it's not worth fighting for. come back, top of the hour. [ female announcer ] e-trade technology can help make you a better investor. our e-trade 360 investing dashboard shows you where your money is, live. e-trade pro is so usable you'll actually use it. and our apps are the ultimate in mobile investing. become a better inves at e-trade. >>> former fund manager matthew martoma was arrested...
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Nov 26, 2012
11/12
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FOXNEWSW
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lawmakers are still trying to reach a compromise on the so-called fiscal cliff. lawmakers don't know what is going to happen to our taxes this year. there are five things you can do with your money to make sure you aren't taxed to the max. regardless of people's age there is one thing in particular you say we should do before the end of the year? >> contribute to your retirement account especially bh it comes to the 401 k. the max is $1,700 might not be enough when you look at the taxes we face. even if you haven't maxed it out yet or you can't give to that letter give as much as you can to the retirement account. that is tax free savings that is not taxed. >> that could just be taxed a lot more next year. >> exactly if all comes to fruition. >> talk about charitable giving. the deduction could go away next year. >> charitable donations of appreciateable assets are fully deductibles. this is one of the best banks for your buck. this is something you can do before the end of the year. all of this might be going away in the new year not necessarily the appreciateab
lawmakers are still trying to reach a compromise on the so-called fiscal cliff. lawmakers don't know what is going to happen to our taxes this year. there are five things you can do with your money to make sure you aren't taxed to the max. regardless of people's age there is one thing in particular you say we should do before the end of the year? >> contribute to your retirement account especially bh it comes to the 401 k. the max is $1,700 might not be enough when you look at the taxes...
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Nov 25, 2012
11/12
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CSPAN
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there is a question on whether the fiscal cliff would hurt. it says -- our question for you this morning is whether the states should have a stake of in negotiations. looking more in the story "the new york times." it says -- some of the benefits states could receive, nobody is retained that president obama and republicans in congress will fail to reach an accord because they feel -- they fear that the resulting combination of spending cuts and tax increases could prompt another recession, which their states can ill afford. let's go to houston, texas and hear from barry. caller: high. host: am i:should sit seven role in the negotiations? we are hearing about how republicans and president obama are negotiating. caller: i think the democrats should have some form of a democratic rip -- rip at the table. i believe everybody should be involved. it has gone on too far like this without points being made. our domestic investment needs to be saved. they need to cut the military spending down and preserve the safety nets. raise the taxes up and let's
there is a question on whether the fiscal cliff would hurt. it says -- our question for you this morning is whether the states should have a stake of in negotiations. looking more in the story "the new york times." it says -- some of the benefits states could receive, nobody is retained that president obama and republicans in congress will fail to reach an accord because they feel -- they fear that the resulting combination of spending cuts and tax increases could prompt another...
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Nov 27, 2012
11/12
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even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most of your plan. only on verizon. >> bret: republicans are already looking ahead to the next election. in 2014. they are trying to do something about the low numbers with hispanics. correspondent doug mckelway on the first steps this week. >> clearly
even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ?...
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Nov 29, 2012
11/12
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CNNW
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congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st of the year. >> kicking the can, you look at markets today. you have global markets up. stock futures are up. the stock market was up yesterday because this whole idea of optimism from john boehner and the president that this could get done by the end of the year is something the world wants to see. you look at our polling. our polling shows, and the most recent poll from abc news/"washington post," 60% of people support raising tacks on incomes over $250,000 per year. isn't the argument of kicking the can down the road losing so
congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st...
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Nov 25, 2012
11/12
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KNTV
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many shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever online shopping could exceed 10% of all holiday spending. the folks who track these things tell us that amazon was the most visited retail site of all over the holiday weekend, but what happens after your click your mouse and make a purchase. we got an inside look at one of amazon's largest hubs in the u.s. >> reporter: from the moment you check out at amazon.com the process begins. your item is picked, sorted, packed and shipped. this is what the holidays look like here at amazon. to give you some perspective this is one of 40 across the country packed with thousands of items in time for the holiday rush. they're going
many shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever...
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Nov 26, 2012
11/12
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pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying is, this is not about pledges. let's not allow for the tail to wag the dog. this is not about a pledge. this is about finding a solution. let's not be boxed in. let's have the ability to be creative, think outside the box. and come up with a solution that works for america. and i think they're getting sick of being held to pledge here, pledge there. you know, it's almost like read my lips. no new pledges. >> let me just read the pledge, so people know what we're talking about here. it says, number one, oppose all efforts to increase the marginal tax rates for individu
pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying...
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Nov 27, 2012
11/12
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FBC
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cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad and is down nokia other stocks with the companies issuing dividend dividend -- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving
cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad...
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Nov 29, 2012
11/12
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CSPAN2
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the fiscal cliff is getting closer. then on the threat of panic, force through some deal to maintain the status quo for taxes, more spending, more debt. it would be presented to the senate in a way that if it's not adopted immediately, the country will be in great fiscal danger. this process. -- this process needs to be taken out of the shadows. we need public debate, and people would know the facts that are now being hidden from us and hidden from members of congress. we don't know what's going on. the latest article in "politico" today said the deal -- the so-called deal has been negotiated by the speaker of the house and the president, not even harry reid is in the meetings, apparently. certainly not the members of the united states national or the members of the house of representatives -- united states senate or the members of the house of representatives. and if we had a public debate, people would discover that according to the c.b.o. mandatory spending is going to increase -- increase nearly 90% over the next te
the fiscal cliff is getting closer. then on the threat of panic, force through some deal to maintain the status quo for taxes, more spending, more debt. it would be presented to the senate in a way that if it's not adopted immediately, the country will be in great fiscal danger. this process. -- this process needs to be taken out of the shadows. we need public debate, and people would know the facts that are now being hidden from us and hidden from members of congress. we don't know what's...
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Nov 27, 2012
11/12
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MSNBCW
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if we let -- go over the fiscal cliff, it's going to solve our fiscal problems. the deficit will essentially go away. the bad side we're in a deep recession and the deficit will go away. this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress clubbing it over the head again, pushing us back down yet again. >> yet again. justin, thank you, sir, from the university of michigan. great to have you. >> thanks, alex. >> catch one of the key players in the fiscal cliff negotiations right here on "now" when senator patty murray joins us tomorrow at noon eastern. >>> and coming up after their romney nominee received just over a quarter of the latino vote republicans say they're ready to put up when it comes to comprehensive immigration reform. what are they doing about it? so far putting up a lot of window dressing. the displ
if we let -- go over the fiscal cliff, it's going to solve our fiscal problems. the deficit will essentially go away. the bad side we're in a deep recession and the deficit will go away. this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress...
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Nov 28, 2012
11/12
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CNBC
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, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer ends soon. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a mo
, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today,...
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fiscal cliff revelers talking about it's going to play its part as well as my slowing growth in china as well says that's all helping the goal to be as popular as and that's all coming up in the business but as in after the break. flying north with me in this old soviet work or so the helicopter is dr run amir brodsky and his team from the region's medical aviation service we head across ever more barren tundra higher and higher into russia's arctic far north until eventually we see our landing spot with arrive at this tiny village after crossing hundreds of kilometers of snowy wilderness as a boy here suffering from favre and the doctors are going to see what they can do. inside a small building not one but two babies and their parents are waiting for us the doctors inspect them but can't make a diagnosis and decide to bring them to a regional hospital for better care spread lana doesn't like taking her baby away from home but she's been before and agrees to go that's the usual practice with those who live in it to indra they keep mothers with their newborns in hospital for a month.
fiscal cliff revelers talking about it's going to play its part as well as my slowing growth in china as well says that's all helping the goal to be as popular as and that's all coming up in the business but as in after the break. flying north with me in this old soviet work or so the helicopter is dr run amir brodsky and his team from the region's medical aviation service we head across ever more barren tundra higher and higher into russia's arctic far north until eventually we see our landing...
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Nov 29, 2012
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this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new taxes was dispatched by the voters to a hotel room in houston rather than four more years in the white house because he violated that pledge. george herbert walker bush would keep that pledge today. stuart: always a pleasure. we say it every day on "varney and company," time is money. we mean it. i especially mean it. my take on punctuality next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core,
this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new...
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Nov 26, 2012
11/12
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we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but first over to andrew. >>> finance ministers are trying to unfreeze the second bailout package for greece, but first they must agree on how to cut massive debt to a more sustainable level. we'll head to london for details on that. and playing down a deal talk, tom joyce saying his country's currently if talks with at least two firms on a possible sale of its largest business unit. but would only pursue a deal if it created value to shareholders and clients. and mexico's anti-corruption body says it has found no irregularities in its probe of permits given to walmart. two
we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but...
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Nov 21, 2012
11/12
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fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo chairman and ceo dick kovacevich. also mario gabelli, take a look at the "squawk box" market indicator. wow, not often you see that. markets indicated flat. you can see s&p futures are down by less than a point. ten-year note is also flat at this point. crude oil up by just about $1. and gold up by $3.90. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-
fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo...
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Nov 27, 2012
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we're just a little over a month away from the fiscal cliff. do lawmakers have the courage to rise above and get a deal done? our guest hosts this hour are here to talk about it. roger altman, chairman of ever corp partners. in recent days, i'll start with you, ed, i don't know if we have gotten any closer or further away. i know the president is going to talk tomorrow and say he won't cross that line at 250 for the bush tax cuts. "the new york times" lead story is any effort to curb social spending in any way on entitlements is going to face a lot of resistance. that seems like we're as far apart as we were all along. >> thii think we are far apart. i'm an optimist. what you see in negotiations is everybody plays tough and pushes it to the 11th hour. >> is it a can kicking deal we get done or an actual deal? >> roger and i were talking about this before we came on. we both want to see it get done. my view is that it needs to get done correctly and what the it is is we shouldn't lump taxes and spending in the same bucket. when you call it the f
we're just a little over a month away from the fiscal cliff. do lawmakers have the courage to rise above and get a deal done? our guest hosts this hour are here to talk about it. roger altman, chairman of ever corp partners. in recent days, i'll start with you, ed, i don't know if we have gotten any closer or further away. i know the president is going to talk tomorrow and say he won't cross that line at 250 for the bush tax cuts. "the new york times" lead story is any effort to curb...
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Nov 29, 2012
11/12
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and i worry about it in relative terms to the fiscal cliff. what bothers me about our situation and the situation in europe is that the political forces and the structure of these repairs take a long time, they misdeadlines continually, and they only do something when we get to the brink. we had a mechanism here in the u.s. with the sequestration process and everything got kicked down the road. we have a great opportunity to make major changes for the future and see if those pro formas actually work out as they're supposed to. but we've got to tweak it because that exponential function of increasing the deficit and increasing the aggregate debt against the backdrop ofactuarial certainty is really concerning. so the market seems to be very, very much focused on events and is driven by those reactions as we've seen. there's a lot more volatility creeping in. >> and given what we're talking about, all the risks you've laid out, what's getting some attention is the fact that the vix is now not the above 20 for four straight months. the last time w
and i worry about it in relative terms to the fiscal cliff. what bothers me about our situation and the situation in europe is that the political forces and the structure of these repairs take a long time, they misdeadlines continually, and they only do something when we get to the brink. we had a mechanism here in the u.s. with the sequestration process and everything got kicked down the road. we have a great opportunity to make major changes for the future and see if those pro formas actually...
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Nov 26, 2012
11/12
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president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean n
president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax...
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Nov 27, 2012
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goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in terms of what we've seen in this market. look how excited he is. and they finally got it done. it's been one as you pointed out that was around in 2011. they couldn't get it done. that is conagra. they walked away. ralcorp stock price fell dramatically. they split the post cereal division from ralcorp. the two trade separately. so you did have a company here that perhaps became a little more -- i wouldn't say vulnerable. not as if they were committed to selling. the board composition changed. you have had activist shareholder get on t
goes off the fiscal cliff. just wait until you hear who he thinks should be the treasury secretary. >> we'll begin of course with the deal of the day. conagra foods has agreed to acquire ralcorp for $5 billion. $90 a share in cash. 28% premium to the closing price on monday. kayla tausche reported on potential for a deal between the two companies back in 2011. it creates the largest private label food company in north america. this is a big deal. >> yes, it is. it's big in size in...
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Nov 27, 2012
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same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that should be by cutting spending and raising taxes. so there is an actual sort of fundamental disagreement that underpins this sense of knee jerk -- >> why have we had to do this? we've had to borrow money and cut people 00 taxes and spend more on social services because the underlying private sector economy completely ran out of steam. it ran out of steam because it needs the banking system to feed off. it needs access to trade credit, to business finance, e
same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending...
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Nov 26, 2012
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and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul steinhauser, he is live in washington for us this morning. nice to see you, paul. so falling off the fiscal cliff means severe spending cuts and tax hikes, automatically kick in. so how worried are most americans? i understand you have some numbers for us. >> i do have more numbers from that new cnn/orc national poll. americans are concerned about how it will affect them directly. almost four in ten said if the country falls off the fiscal cliff they will be impacted a great deal. or somewhat. look at this. another four in ten say somewhat. only about
and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul...
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Nov 26, 2012
11/12
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cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed and the economic situation is different. >> now, congressional staffers met over the holiday weekend. and leaders intend to meet with the president this week. there are predictions it could be wrapped up before christmas. >> i like that optimism. >>> well, president obama is expected to announce this week a major reshuffling of his cabinet. u.n. ambassador susan rice will likely be the president's nominee to replace hillary clinton as secretary of state. on top of that, massachusetts senator john kerry is said to be the leading candidate to replace leon panetta at secretary of defense. >>> and we're also expected to learn this week whether
cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed and the economic situation is different. >> now, congressional staffers met over the holiday weekend. and leaders intend to...
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Nov 26, 2012
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we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will get done. >> let's talk about grover norquist for just a bit, paul. so most americans want taxes raised on the wealthiest americans. we just saw your poll there that 45% of americans would blame republicans if there's no compromise reached to avoid this fiscal cliff. so why is grover norquist still so powerful? why does any republican care? >> well, this pledge has been around for 25 years. that's a long time. it stood through a lot of different crises. take, for instance, saxby chambliss and lindsey graham. both up for re-election in
we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will...
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Nov 26, 2012
11/12
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they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need to begin talking exactly the opposite of the way the federal government has worked so far. simply by starting with a budget on what we expect the income-tax to be instead of starting with what we would like to spend. that is backwards. you have to start with what you expect your income to be. host: here is what charlotte says on facebook. she says the tax rates are not creating any jobs, so stop talking out of both sides of your mouth, republicans. you can join that conversation on facebook. is with us from texas. caller:
they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need...
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Nov 26, 2012
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we think fiscal cliff will be resolved in large part. creating opportunity if you have done your homework and you have long-term discipline, use vo volatility to your advantage. great cash position. europe has good companies. china will stimulate. not like in 2009 but it will be there. i think the death of equities and u.s. market is greatly exaggerated. you do have to do your homework because short-term volatility will give you opportunities and challenges. >> after what we hear this weekend, does it make sense to focus on discretionary going into year end? >> it does. it has coming into the third and fourth quarter. again, pick your battles. understand what you're getting into. name specific analysis is critical. build that portfolio. look globally. it's more than just a u.s. story. looking into europe, emerging markets if you have a longer term time horizon. commodities. all of these things are going to be part of it and nickel and dime your nay. we don't swing for the fences. >> good stuff. thanks very much. >>> next on the program,
we think fiscal cliff will be resolved in large part. creating opportunity if you have done your homework and you have long-term discipline, use vo volatility to your advantage. great cash position. europe has good companies. china will stimulate. not like in 2009 but it will be there. i think the death of equities and u.s. market is greatly exaggerated. you do have to do your homework because short-term volatility will give you opportunities and challenges. >> after what we hear this...
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Nov 24, 2012
11/12
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beware the fiscal cliff. you will hear this at the thanksgiving dinner table. when someone inevitably brings up the fiscal cliff and how our sky rocketing deficit is a huge danger to us, do not crawl under the table. do not give up on thanksgiving. help your giant uncle understand that what he is freaking out about is not true. it is easy. there are visual aids that might help. look. first of all, the amount of money borrowed by the government has been going down, not up. it has been going down. our own steve bennett made you this chart. the red bar is the deficit in '09 when president obama took office, and inherited the big deficit from president bush. over the next three years president obama cut the deficit. he cut it by $200 billion just from last year to this year. so the deficit isn't growing. it's shrinking by a lot. seriously the folks at investor's business daily calculated that the deficit is falling faster than at any time since the end of the second world war. the deficit is falling so fast it might not be able to fall any faster without sending us
beware the fiscal cliff. you will hear this at the thanksgiving dinner table. when someone inevitably brings up the fiscal cliff and how our sky rocketing deficit is a huge danger to us, do not crawl under the table. do not give up on thanksgiving. help your giant uncle understand that what he is freaking out about is not true. it is easy. there are visual aids that might help. look. first of all, the amount of money borrowed by the government has been going down, not up. it has been going...
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Nov 29, 2012
11/12
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tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that tells him what to do. year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. now is a good time to think ab
tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that...
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Nov 26, 2012
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talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine
talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that...
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Nov 26, 2012
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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Nov 27, 2012
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as we approach the fiscal cliff, democrats are ready to make those tough choices. i hope my republican freandzs, theespecially those who claim ty put mo claim before their pledge can say the same. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: yesterday i came to the floor to discuss what's known as the fiscal cliff, a mix of automatic tax hikes and defense cuts that are set to hit at the end of the year jeopardizing our security as well as our economy. my message was pretty simple. a solution is possible. republicans have been reasonable and president needs to lead. he is the only one who can get us to a solution. if that's what he wants, we'll succeed. so it was with some concern that i read this morning that the president plans to hit the road next week to drum up support for his own personal approach to the short- and long-term fiscal challenges we face. in other words, rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail, presumably with the same old ta
as we approach the fiscal cliff, democrats are ready to make those tough choices. i hope my republican freandzs, theespecially those who claim ty put mo claim before their pledge can say the same. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: yesterday i came to the floor to discuss what's known as the fiscal cliff, a mix of automatic tax hikes and defense cuts that are set to hit at the end of the year jeopardizing our security as well as our...
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Nov 29, 2012
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this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as disappointed as the speaker is right now. i understand some of his problem with this. but the fact of the matter is the american people ended elections on november 6th, voiced their approval of president obama's approach to this. over 3 million more people voted for him than voted for mr. romney. and then if you look at house democr democrats. only 201 of us got eelected. that means the rest were republicans. >> i understand that. >> but over 500,000 more votes than they got -- >> with all due respect, representative, we understand that the president won and you fe
this is a so-called fiscal cliff. january 1st. our news makers representative jim clyburn of south carolina, number three democrat in the house of representatives and number one i'm sure to a lot of people. hello. how are you? >> hey, don. thank you so much for having me. >> thanks for coming on. is speaker boehner right, though? as the clock is ticking, ticking toward january 1st, the talks haven't progressed in two weeks. is he right? >> well, i don't know that i'm as...
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Nov 21, 2012
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the fiscal cliff is a term used to illustrate drastic fiscal tightening if congress fails to reach an agreement by year's end. such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense department and for that matter, the rest of government. >> the defense department is already planning to reduce its budget by about $500 billion over the coming ten years. panetta has voiced concern that further cuts could undermine barack obama's new defense strategy that lays more emphasis on the asia pacific region. >>> japanese officials are scratching their heads about how to deal with sluggish trade. sales to foreign countries have plunged leaving japan in a trade deficit for the fourth straight month. finance ministry officials released preliminary figures shortly before the markets opened. the deficit
the fiscal cliff is a term used to illustrate drastic fiscal tightening if congress fails to reach an agreement by year's end. such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense...
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Nov 28, 2012
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well, i am very concerned about what i call the fiscal cliff. yesterday politicoy reported that some -- "politico" reported that some democrats want to start calling it "the fiscal slope." it time to start looking for solutions. president obama has said repeatedly that it wants to take a balanced approach, and this balanced approach should govern how we deal with other issues as well, on how democrats work with republicans in the senate. given the challenges we face, it is unfortunate that some of the president's closest allies here in the senate are pushing the exact opposite approach. the majority leader and some members of his party have now proposed that what wo would be n unprecedented power grab that would forever change this body's rules. it would make it harder to find common ground. i am speaking about the democratic plan to change the rules of the senate to drays drastically limit the use of the filibuster. the majority leader would take i believe a dangerous step toward abolishing the rights of the political minority and restricting t
well, i am very concerned about what i call the fiscal cliff. yesterday politicoy reported that some -- "politico" reported that some democrats want to start calling it "the fiscal slope." it time to start looking for solutions. president obama has said repeatedly that it wants to take a balanced approach, and this balanced approach should govern how we deal with other issues as well, on how democrats work with republicans in the senate. given the challenges we face, it is...
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Nov 27, 2012
11/12
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that's the fiscal cliff. the other challenge is one that we've been dealing with for a long time now, the need to come to an agreement on a broad, balanced and comprehensive plan to reduce our deficits and debt and put us on a sustainable path economically in a way that protects the middle class, protects seniors and other vulnerable americans and continues to invest in our economy so it can grow and create jobs. the president's belief is that we can address both of these in a broad receive -- deficit reduction package but there's no question that we are -- that they are in many ways distinct. that's why when we talk about an immediate action a distinct, discreet action that congress could take if republicans in the house of representatives would agree to it, is to pass the tax cut, extending the so-called bush era tax cuts for 98 pk of the american people. let's do that right now, that's obviously not a comprehensive solution, it's a significant step toward a solution to the fiscal cliff. let's get that done
that's the fiscal cliff. the other challenge is one that we've been dealing with for a long time now, the need to come to an agreement on a broad, balanced and comprehensive plan to reduce our deficits and debt and put us on a sustainable path economically in a way that protects the middle class, protects seniors and other vulnerable americans and continues to invest in our economy so it can grow and create jobs. the president's belief is that we can address both of these in a broad receive --...
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Nov 25, 2012
11/12
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thanksgiving gave lawmakers a quick break from the fiscal cliff conundrum. now it's time to hunker down and get back to business. >> reporter: after meeting with president obama before the thanksgiving holiday -- >> i want to welcome the congressional leadership here. >> reporter: -- congressional leaders expressed optimism to reaching a deal. >> we had a very constructive meeting with the president. to talk about america's fiscal problem. >> we have a corner stones of being able to work something out. >> reporter: staffers have been working behind the scenes to fine common ground. among the big sticking points how to bring in more tax revenue and reduce spending on programs like medicare. but it's not yet clear when lawmakers and the president will meet next. even if some progress is made this week a final deal could still be a long way off. >> we rarely see the hill and the white house make decisions early. they tend to do better when they have a deadline so i would be pleasantly surprised to see it, a deal emerge earlier than the end the year but we'll se
thanksgiving gave lawmakers a quick break from the fiscal cliff conundrum. now it's time to hunker down and get back to business. >> reporter: after meeting with president obama before the thanksgiving holiday -- >> i want to welcome the congressional leadership here. >> reporter: -- congressional leaders expressed optimism to reaching a deal. >> we had a very constructive meeting with the president. to talk about america's fiscal problem. >> we have a corner...
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Nov 21, 2012
11/12
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all of this is occurring in the context of the fiscal cliff negotiations and what lindsey graham was suggesting was that if you close some of the loopholes and deductions and revenue goes up, that's not raising taxes apparently grover norquist sees it differently but interestingly enough, there is a push then from the left as well and there are unions that have taken out ads to pressure democratic senators not to compromise. >> how do we move our country forward and reduce the deficit? by creating jobs and growing our economy. not by cutting programs that families rely on most. we need senators udall to continue to stand up for us. >> jennifer: do you think that democrats are going to feel as pressured by the unions as republicans feel pressured by grover norquist? >> organized labor is the best organized, most effective strongest arm on the left in this country. they are a great ally for the democratic party and so, of course the democrats will feel pressure from labor. they are also going to feel pressure from -- >> jennifer: are they going to compromise? >> we'll find out. the dem
all of this is occurring in the context of the fiscal cliff negotiations and what lindsey graham was suggesting was that if you close some of the loopholes and deductions and revenue goes up, that's not raising taxes apparently grover norquist sees it differently but interestingly enough, there is a push then from the left as well and there are unions that have taken out ads to pressure democratic senators not to compromise. >> how do we move our country forward and reduce the deficit? by...
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fiscal cliff ahead europe on the rocks all dole by the novacaine of easy money why do we keep hearing about how the vix the stock market's volatility index is low the wall street journal blog post puts it is this stock market so-called fear gauge remains fast asleep and as we will contend so dated well it could be a much more complex picture but first let's be clear that there is more than one type of uncertainty there are things to worry about like this. it's a risk the sovereign debt crisis could spread and destabilize the global economy than any of the slowdown in china the latest sign of trouble in the world's second biggest economy that could do what the first word the fiscal cliff brain for the largest coming i mean. so these are what are guys called no no no and things we know we don't know and then there are these type of risks when i ask them what the heck is going on down here i don't know there is fear this is capitulation really radiation at the daiichi plant and fukushima got so high today they were forced to leave temporarily but now they're back on the job probably the
fiscal cliff ahead europe on the rocks all dole by the novacaine of easy money why do we keep hearing about how the vix the stock market's volatility index is low the wall street journal blog post puts it is this stock market so-called fear gauge remains fast asleep and as we will contend so dated well it could be a much more complex picture but first let's be clear that there is more than one type of uncertainty there are things to worry about like this. it's a risk the sovereign debt crisis...